News

NABET 700-M UNIFOR represents over 1000 Film, Television and New Media Technicians in the province of Ontario.

NABET 700-M UNIFOR
100 Lombard Street
Suite 303
Toronto, ON
M5C 1M3
Tel: 416-536-4827
Fax: 416-536-0859
Email:
info@nabet700.com

News

September 12, 2014

Weekly Update from Film Ontario, September 12, 2014

Happy Friday!

So may TIFF events, so little time! My thanks to so many of you for including FilmOntario in your events; delightful to see and hear how busy everyone is!!

And congratulations to all of the deal-makers out there - Ontario continues to punch above its weight.

Sarah Ker-Hornell
CEO & Executive Director

__________________________________________________________________

Weekly Update from Kelly Graham-Scherer, Los Angeles Representative

Happy Friday everyone,

Although many of the big industry stories this week are being generated in Toronto during TIFF, there is also evidence that jurisdiction across North America are considering how they will be affected by California's recent decision to expand its film and television tax incentives.

Industry stakeholders in Louisiana looked at the issue this week, though they didn't make many detailed predictions. As reported in the New Orleans-based Times Picayune below, Chris Stelly, the executive director of the Louisiana Entertainment department, indicated a strong belief that the state's film industry will "continue to remain strong."
http://www.nola.com/entertainment/baton-rouge/index.ssf/2014/09/california_to_triple_film_tax.html

Studio System News this week also took a look at how state-wide incentives stack up. As detailed below, it is now including California as one of the top seven states where you get the most "bang for your buck".
http://www.studiosystemnews.com/getting-the-most-bang-for-your-buck-the-top-7-states-to-shoot-in-by-production-incentives/

Toronto International Film Festival goers were treated this week to an article which points out the current favourable Canadian exchange rate and sings the praises of the Ontario Media Development Corporation's system of service tax credits and funding for domestic filmmakers. The highly positive article below appeared in a daily TIFF edition of the Hollywood Reporter.
http://www.hollywoodreporter.com/sites/default/files/custom/Festival_Dailies/toronto%202014/day2_toronto2014.pdf

 In case you still need convincing that eyeballs are migrating from the television to the computer, the Los Angeles Times reported this week that views of YouTube network Maker Studios' videos have increased to 9 billion per month! As reported below, this represents a more than doubling since Maker Studios was acquired by Disney this spring for $950 million and industry watchers are predicting Maker Studios will emerge as an industry player akin to Marvel or Lucasfilm.
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-maker-studios-rasulo-20140910-story.html

In a related story, the Times also reported that Youtube's ad revenue is likely to hit $1.13 billion inn 2014. As detailed below, this would be a 39% increase from 2013, even as Youtube's market share of advertising revenue is expected to decline as a result of increased competition from companies like Yahoo and AOL.
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-youtube-ad-revenue-1-billion-20140911-story.html

And finally this week, I've included an article I think will interest VFX and animation companies that struggle with the issue of retaining talent: the Times reports that DreamWorks and Disney are among the Hollywood companies targeted in a class-action lawsuit that accuses them of agreeing not to poach each other's workers. As detailed below, the lawsuit, filed Monday in San Jose, said the companies "agreed to work together to deprive thousands of workers" of better wages and positions at other firms.
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-dwa-disney-sued-poaching-20140908-story.html

more News